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Published on 2/23/2016 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Florida Department of Transportation defeases 2006A turnpike bonds

By Tali Rackner

Norfolk, Va., Feb. 23 – The Florida Department of Transportation plans to redeem its series 2006A turnpike revenue bonds, according to a notice.

The following will be redeemed at par plus accrued interest on July 1, 2016:

• $7,175,000 of bonds due July 1, 2017;

• $7,535,000 of bonds due July 1, 2018;

• $7.91 million of bonds due July 1, 2019;

• $8,305,000 of bonds due July 1, 2020;

• $8,725,000 of bonds due July 1, 2021;

• $9.09 million of bonds due July 1, 2022;

• $9.47 million of bonds due July 1, 2023;

• $9,875,000 of bonds due July 1, 2024;

• $10,295,000 of bonds due July 1, 2025; and

• $10,735,000 of bonds due July 1, 2026.

U.S. Bank Trust NA is the agent.


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